111 Capital Purchases Shares of 5,538 Evergy, Inc. (NASDAQ:EVRG)

111 Capital bought a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,538 shares of the company's stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRG. Lee Danner & Bass Inc. purchased a new position in shares of Evergy during the 4th quarter valued at $26,000. National Pension Service purchased a new position in shares of Evergy during the 4th quarter valued at $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy during the 4th quarter valued at $31,000. Colonial Trust Co SC purchased a new position in shares of Evergy during the 4th quarter valued at $32,000. Finally, Sandy Spring Bank grew its holdings in shares of Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after acquiring an additional 718 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Stock Performance

Evergy stock traded down $0.49 on Tuesday, reaching $66.01. 2,180,374 shares of the stock were exchanged, compared to its average volume of 1,979,246. The stock has a market cap of $15.19 billion, a PE ratio of 17.84, a PEG ratio of 2.82 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36. The firm has a fifty day moving average price of $67.09 and a two-hundred day moving average price of $65.32.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same period in the prior year, the firm earned $0.54 EPS. Sell-side analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Friday, May 23rd. Evergy's dividend payout ratio (DPR) is presently 70.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EVRG shares. Barclays decreased their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $68.00 to $78.00 in a report on Monday, April 28th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Citigroup upped their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $72.19.

Evergy Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.